HERO Spreads, leverage, minimum deposit Revealed

　　

Risk Warning

　　

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

　　

General Information

　　

HERO Review Summary in 10 Points
Founded	2015
Registered Country/Region	United States
Regulation	ASIC
Market Instruments	Forex, CFD, precious metals
Demo Account	No
Leverage	1:100
EUR/USD Spread	0.2 points
Trading Platforms	MT4
Minimum deposit	$100
Customer Support	email

　　

What is HERO？

　　

　　HERO Capital opened its China market in 2015, setting up branches in Shanghai and Shenzhen, China to provide Chinese investment institutions and individual investors with online forex trading services, flexible leverage and low minimum deposit requirements for traders of all levels, as well as the MT4 trading platform for PC and mobile and using the STP-ECN model. HERO currently holds a Australia Securities & Investment Commission (ASIC) License (No. 001296201).

　　In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

　　

Pros & Cons

　　

　　HERO offers a regulated trading environment with flexible leverage options and a user-friendly trading platform. The broker supports the leading MT4 platform with competitive trading conditions. However, its educational resources and market research tools are very limited. The deposit fees may be relatively high, and its product offerings are somewhat limited compared to other brokers. Additionally, the broker's website may be difficult to navigate for non-English and non-Chinese speakers.

Pros	Cons
• Regulated by ASIC	• Limited product offerings
• SSL encryption	• Monthly follow-up deposit fee
• Flexible leverage options	• Limited research tools
• User-friendly MT4 trading platform	• No cryptocurrency trading
	• No demo accounts
	• Limited payment methods
	• No live chat customer support

　　

HERO Alternative Brokers

　　

　　There are many alternative brokers to HERO depending on the specific needs and preferences of the trader. Some popular options include:

• 　　Admiral Markets - a well-regulated broker that offers a wide range of financial instruments and trading platforms.

• 　　Plus500 - a user-friendly CFD broker that is regulated by top-tier authorities and offers commission-free trading.

• 　　eToro - a social trading platform that allows users to copy the trades of successful traders and provides access to a variety of markets and financial instruments.

　　Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

　　

Is HERO Safe or Scam？

　　

　　HERO appears to be a regulated broker that is regulated by Australia Securities & Investment Commission (ASIC) and takes measures to protect its clients' data through SSL encryption. However, it is important to note that regulatory compliance and data protection are only two aspects of a broker's overall safety and reliability. Other factors, such as trading conditions, customer service, and client feedback, should also be taken into consideration when assessing a broker's trustworthiness. It is recommended to conduct thorough research and due diligence before opening an account with any broker.

　　

Market Instruments

　　

　　HERO offers investors a wide range of financial products, including foreign exchange currency pairs, CFDs, precious metals, and crude oil products. Overall, tradable assets listed on HERO assets seem quite limited compared with many other brokers.

　　

Accounts

　　

　　HERO offers investors three types of real trading accounts: Standard (minimum opening amount of $100), VIP (minimum opening amount of $2,000), and ECN (minimum opening amount of $30,000). The initial deposit of $100 sounds quite reasonable for most regular traders to get started. Note that HERO limits each customer to a maximum of 5 transactions with the same name.

　　

Margin & Leverage

　　

　　The default margin is 1%. HERO offers flexible leverage options of 20:1, 50:1, and 100:1, for traders to choose in light of their risk tolerance. However, it is important to note that trading with high leverage can also increase the risk of losses, especially for inexperienced traders. It is recommended that traders fully understand the risks associated with leverage before choosing a particular option.

　　

Spreads & Commissions

　　

　　HERO's website only states that it offers the most competitive spreads to its clients but does not provide much information on the spreads of each product. The only spreads available are 4.5 pips for gold and 3.0 pips for silver. Additionally, the average EURUSD spread on ECN accounts is 0.2 pips, but on top of that, the broker may charge a commission on the transaction.

　　Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission per lot
HERO	0.2 pips (ECN accounts)	N/A
Admiral Markets	0.5 pips	$6.00
Plus500	0.6 pips	None
eToro	1.0 pips	None

　　Note that the above information is subject to change and should be verified on the brokers' websites before making any trading decisions.

　　

Trading Platforms

　　

　　HERO Metatrader 4.0 (MT4) is HERO's advanced and efficient financial products trading platform for investors. The MT4 trading platform enjoys a leading position in the global capital markets. The MT4 provides dozens of default technical indicators, and investors can also develop or add their own technical indicators, along with advanced charting tools, to analyze the market trends and efficiently help investors to make smart decisions on investment analysis and easily grasp every trading moment. HERO supports PC, iOS, and Android systems.

　　Overall, HERO's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker	Trading Platforms
HERO	MetaTrader 4, WebTrader, HERO Mobile
Admiral Markets	MetaTrader 4, MetaTrader 5, WebTrader
Plus500	Plus500 WebTrader
eToro	eToro WebTrader, eToro Mobile

　　Note: Some brokers may offer additional trading platforms not listed here.

　　

Deposits & Withdrawals

　　

　　HERO can support various payment methods including domestic banks and international bank transfers, BPAY, Skrill and savings card payment, with a minimum amount of $100. HERO platform deposit will usually arrive within a working day.

　　Payment options:

• 　　Debit Card, Bank Wire Transfer: International SWIFT

• 　　Bank Wire Transfer: Australia

• 　　BPAY (Australia only)

• 　　Skrill/Moneybookers

　　

HERO minimum deposit vs other brokers

　　

	HERO	Most other
Minimum Deposit	$100	$100

　　HERO charges deposit fees. Monthly payment of the first monthly free of charge; monthly follow-up deposit each time the corresponding transfer costs charged about $25 once, depending on the charge of the gold bank may be. However, the customer is required to bear the additional costs incurred by the non-HERO platform, such as the handling fee charged by the bank refund, the handling fee charged by the bank during the deposit process.

　　See the deposit & withdrawal fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee
HERO	$25 per deposit (except for first monthly free of charge)	N/A
Admiral Markets	Free	Free (1 withdrawal/month)
Plus500	Free	Free
eToro	Free (conversion fee may apply)	$5

　　Note: The fees may vary depending on the account type and payment method used. Please check the broker's website for the most up-to-date information.

　　

Customer Service

　　

　　For some basic questions, you can look for answers on its FAQ section, and if you need staff services, you can contact this broker via an email: support@heroli.com. HEROs website is only available in two languages: Chinese and English.

Pros	Cons
• Fast response time to inquiries	• No 24/7 customer support available
• Dedicated account managers available for VIP clients	• No physical office
	• No live chat support for potential clients

　　Note: These pros and cons are subjective and may vary depending on the individual's experience with HERO's customer service.

　　

Conclusion

　　

　　Overall, HERO is a regulated broker with a good reputation in the industry, offering a range of trading instruments and flexible leverage options. The broker's trading platforms are easy to use and suitable for both beginners and advanced traders. However, the customer service options are limited and there are some fees for deposit and withdrawal methods. Overall, HERO is a legitimate and reliable broker for trading in the financial markets.

　　

Frequently Asked Questions (FAQs)

　　

Q 1:	Is HERO regulated？
A 1:	Yes. It is regulated by Australia Securities & Investment Commission (ASIC).

Q 2:	At HERO, are there any regional restrictions for traders？
A 2:	Yes. HERO does not accept US clients, for US CFTC regulators prohibit US customers from opening an account to foreign dealers.

Q 3:	How many accounts can I open in HERO？
A 3:	Yes. HERO limits each customer to a maximum of 5 transactions with the same name.

Q 4:	Does HERO offer the industry-standard MT4 & MT5？
A 4:	Yes. It supports MT4.

Q 5:	What is the minimum deposit for HERO？
A 5:	The minimum initial deposit to open an account is $100.

Q 6:	What is HERO customer service time？
A 6:	For Asia Pacific service area, its customer service time is Beijing Monday to Friday 09:00 ~21:30.

Q 7:	Is HERO a good broker for beginners？
A 7:	Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform.